New contract between Gazprom and Turkmenistan may start in 3rd quarter

New contract between Gazprom and Turkmenistan may start in 3rd quarter

New contract on Gazprom's purchase of Turkmen gas may enter into force in the 3rd quarter of 2019, first deputy head of the Russian government office Sergey Prikhodko said ahead of the session of the Council of the Heads of States of the Commonwealth of Independent States (CIS) in Ashgabat.

He recalled that in accordance with the agreements reached in March and April 2019, Gazprom signed a short-term contract on purchasing Turkmen gas. "We are currently coordinating a medium-term contract with the Turkmengaz company, which is planned to enter into force in the 3rd quarter of 2019," TASS cited Prikhodko as saying.

The first deputy head of the Russian government office added that during Russian Prime Minister Dmitry Medvedev's visit to Turkmenistan, other spheres of energy cooperation will be discussed, including exploration and development of deposits in and around the Caspian Sea.

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